Brazil 2014: Capture the Craze [Infographic]
eRevMax shares key insights on Brazil Hotel Industry
An additional 3.7 million people are going to visit Brazil this year as the football fever grips the country, according to an infographic developed by eRevMax, the leading channel management and connectivity solution provider. The Infographic Brazil 2014: Capture the Craze, based on several market studies sheds key insights on Brazil Hospitality Industry and suggests hoteliers to have a balanced mix of global and regional channels in their distribution portfolio.
Often cited as the Greatest Event in the World, the tournament is expected to be a major boost for the Brazilian economy, particularly for the hospitality industry as an estimated $25 billion is expected to be spent by football lovers. Brazil is witnessing an explosion of hotel inventories supply with over 173,000 new rooms being added before the event. With the online travel industry growing at over 34%, eRevMax believes there was never a better time for the Brazilian hotel industry to sell its inventories by reaching out to the online buyers.
Tourist influx along with relatively lower room availability has led to a steep increase in hotel prices. The average hotel rate in cities like Rio de Janeiro is expected to be 50% more than what it would be during Olympics 2016. Brazil is the most popular travel destination in Latin America, and also by far the most expensive. eRevMax warns Brazil hoteliers to utilize the high demand to raise profitability, but give attention to the shoulder seasons on either side of this mega event as they are expected to be leaner periods than in normal times.
To access the full infographic, click Brazil 2014: Capture the Craze
eRevMax provides next generation online distribution & business intelligence solutions to the hospitality industry. The company’s new offering – LIVE, a responsive web platform, incorporates the RateTiger and Connect products, thus offering detailed competitor intelligence, comprehensive business performance analytics and reliable channel management capability through secure XML connections. Incorporated in 2001, eRevMax helps over 20,000 hoteliers worldwide to increase revenue, streamline business processes and reduce booking acquisition cost.
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